Appraisal Institute Archive

Three-for-One Bonus: V2.0 of Appraisal Institute’s ‘Green & Energy Efficient Addendum’ Hits the Street

In 2011 the Appraisal Institute released one work-around to address three major sticking points that have made it difficult to appraise high-performance or “green” homes. The first problem has been that the most important features of these homes are...
March 15, 2013

No Joke: States Aim to Prohibit Foreclosures in Appraisals

An American Banker article last week notes that four states are considering legislation that would prohibit an appraiser from using foreclosures in an appraisal report. According to the article, the rationale is that the high number of foreclosures in...
April 1, 2011

It Ain’t Easy Going Green

One of the challenges with greening residential real estate has been appropriately valuing such features in the appraisal process.  According to the National Mortgage Professional, “Home builders and others have complained that appraisers often don’t properly take into account...
January 25, 2011

Appraisal Institute Withdraws from Foundation

On September 7, 2010, the Appraisal Institute (AI) released a statement withdrawing their sponsorship of the Appraisal Foundation.  Calling the Foundation’s statement unjust and unwarranted, the statement said the “Foundation’s decision to sanction the Appraisal Institute for conduct said...
September 8, 2010

Foundation Upholds, Shortens AI Suspension

The Appraisal Foundation today released a statement upholding their suspension of the Appraisal Institute (AI).  However, the length of the suspension was reduced to December 31, 2010.  The suspension was initially to last through April 15, 2011.  The notice...
September 3, 2010

Appraisal Foundation in Dispute with Appraisal Institute

Word has been spreading around the campfire for some time about a dispute between the Appraisal Institute (AI) and the Appraisal Foundation.  The dispute came to a head on June 15, 2010, when the Appraisal Foundation held a special...

It’s Greenday

On this Earth Day we choose to play Peacemaker and take a break from the “he said-she said” that is going on between appraisers and real estate agents.  We’ll pretend today we’re all in this together and focus on...
April 22, 2010

Round 2 of the Heavyweight Fight: Calling in the Big Guns

On January, 16, 2009, we brought to you the valuation fight that is appraisals vs. broker price opinions (BPO).  Today we bring you Round 2 – and this time it’s personal.  Well, it’s not really personal but there is...
March 15, 2010

Appraisers Hinder ROI on Green Retrofits

Improving the energy efficiency of one’s home is beneficial for a variety of reasons but one may not include improving the home’s value.  Most agree that energy retrofits are good for the environment and save homeowners on utility bills...
February 5, 2010

Appraisal Institute Updates

The Appraisal Institute (AI) recently announced updates to its HVCC Myths & Realities and Appraiser Independence Manual. “The updates clarify that appraisers are not required to provide lenders with certification that an appraisal was completed in compliance with the...
September 10, 2009